You mean like the way you bought (averaged into) the FAZ last week at 56.50 without any stop-losses and looking for $60? http://www.elitetrader.com/vb/showthread.php?s=&postid=2215497#post2215497 Now trading 36.00 That's a loss of 35% in just four trading days. Please provide a screen-shot of your positions.
You aren't factoring in the FACT that we have a Triple Witching expiration at the end of the week and that most of the unwinding occurs on the Wednesday before expiration. This move could accelerate tomorrow.
HAHAHAHA Right, sure will be, im sure you learned your lesson being on the bullish side for the last 5000+ point drop.
I was up actually quite a bit on that but decided to hold into GS earnings which were of course just horrible, yet after they reported the stock showed some upside. Am I worried about the financials taking off, not at all, I own a good amount of UYG shares that actually off sets my losses in SKF and FAZ combined. I was selling off my SKF position from $175 all the way to $250, since then I have added only to FAZ and will add more around $25 a share. Im holding onto my UYG until at least $15-20 which I know is quite far away from todays $6.25 close.
im interested to learn how to trade dow futures. could some advise me what site would supply me the best info to get started...thanks